Fundamentals of Business (463) Autumm 2023

Fundamentals of Business (463)

Q. 1     Explain the following concept of business:   (20)

i.          Profit

ii.         Manufacturing business

iii.        Services business

iv.        Hybrid business

v.         Market.

Fundamentals of Business (463) - Autumn 2022 - Assignment 1

Q. 1     What is capitalism? How it encourages people to do become entrepreneurs? Explain the benefits of capitalism over socialism.                                                     (20)

Capitalism is an economic system in which private individuals and businesses own the means of